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TWeb had an OS update go bad and had to be restored to a previous state. We've lost two days worth of posts so you all get a do-over.

Deutsche Bank = Lehman Bros x 10

The problem here is that, much like Lehman Bros only far far worse, Deutsche Bank's derivative leverage has the potential to bring down the entire global banking infrastructure...

The cost of insuring exposure to Deutsche Bank debt has risen sharply, signaling it as a risky asset and inviting further comparisons with Lehman Brothers. Five-year credit default swaps (CDS) are aaround 230 basis points currently, the highest among all investment banks, and a massive jump from 95 basis points at the start of the year, according to data from Markit. Reports have also pointed to Deutsche Bank's global derivatives risk in the range of $75 trillion which is 20 times greater than the German gross domestic product (GDP).

Nor does it help at all that they were slapped with a 14 billion dollar fine for unscrupulous activity (you know, the typical criminal banking punishment routine we've seen hundreds of times before). So, this should be fun to watch... unless you own stocks or have any critical assets in the banking system of course.

As an aside, Italian banks are also in trouble, and though this is obviously overshadowed by Deutsche's crisis, can still have the same daisy chain affect throughout the EU and the entire global banking system.

Since a bail-out would undoubtedly unhinge a jaded and angry populous already on edge, not to mention the potential impossibility of it since the debt is so humongous, bail-ins seem pretty inevitable at this point. And you were warned.